Owen F. Wagener began his career in commercial real estate in 1960 as an associate of Arthur Rubloff & Co. At that time Rubloff was the preeminent leader in the commercial real estate industry. Mr. Wagener worked the city and burgeoning suburban industrial market that would become known as the O’Hare market.

In 1964 Mr. Wagener formed Owen Wagener & Co. His focus was the industrial parks surrounding the newly developed O’Hare International Airport. Realizing the opportunity for stability and growth, Mr. Wagener soon began syndicating groups of investors to purchase multi-tenant industrial properties near O’Hare. His success created a portfolio of investment properties that he diligently managed and leased.

During the 1970’s Mr. Wagener had a loyal following of passive investors seeking an opportunity to invest with him. In at least one instance, Mr. Wagener loaned a friend $5,000 to put in his newest investment property. Needless to say, that loan reaped massive benefits earning his friend hundreds of thousands of dollars over the next 30 + years. Mr. Wagener’s focus and conservative approach to investing have produced many passive investor millionaires throughout his career.

In 1993, Mr. Wagener sold the company that bears his name and co-founded Wagener Equities, Inc. Since then, he has focused his energies on building his real estate portfolio through new acquisitions. Additionally, Mr. Wagener has been instrumental in financing projects through private sources. Owen Wagener retired from daily business activities in 2006, but he continues to actively counsel the firm on all matters related to managed property finance and governance.

Mr. Wagener is a graduate of Northwestern University with a major in Business Administration. He is a veteran who served in the Navy during World War II. Additionally, Mr. Wagener is a founding member of the Association of Industrial Real Estate Brokers (AIRE). He is married to his wife Lois for 55 years. Together, they have 6 children and 13 grandchildren. Mr. Wagener resides in Glenview, IL.

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Tenant:

3250 S. Central Ave
Cicero, IL

Brad Foote Gear
Works

Date of Lease:

Landlord:

KTR Capital
Partners

Transaction Summary:

Brad Foote Gear Works appointed Wagener Equities to identify a manufacturing facility to address the increased global demand for their capabilities.

This centrally located facility provides the features needed for their operation and the location is surrounded by a strong labor force. A long term lease was negotiated for 301,258 square feet.

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Location

Tenant:

862 Industrial Drive
Elmhurst, IL

Ameristar Fence Products, Inc.

Date of Lease:

Landlord:

Stag Real Estate Holdings, Inc.

Transaction Summary:

Ameristar Fence Products, Inc. appointed Jeffrey E. Gilbert of Wagener Equities to find a new regional distribution facility in the Chicagoland area.

Ameristar Fence Products, Inc. had some specific requirements for their new including ¼ acre of outside storage and close proximity to a major highway. An extensive search was performed throughout the Chicago land area before deciding on a 30,000 square foot building in Elmhurst, IL..

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Location

Purchaser:

660 Pond Drive,
Wood Dale, IL

American National Skyline, Inc.

Date of Lease:

Seller:

Lee Ernst

Transaction Summary:

American National Skyline, Inc.(ANSI) appointed Jeffrey E. Gilbert of Wagener Equities to identify a service facility to purchase.

After a long and comprehensive search ANSI decided to purchase a multi tenant industrial building in an upscale business park in Wood Dale, IL. The building is 18,450 square feet with 5 units and lends its self to future growth for ASNI. Additionally, this property provides the client with an excellent income producing investment.

Cobblestone Ovens signed a long term lease after making a comprehensive search for a suitable industrial building for their growing commercial oven distribution and servicing business. The building is 12,400 square feet with a depressed truck level dock,two drive- in doors,heavy power and a 16’ clear ceiling height.;

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Location

Tenant:

862 Industrial Drive
Elmhurst, IL

Windy City Warehouse & Distribution

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Landlord:

Ashley Capital, LLC

Transaction Summary:

Windy City Warehouse & Distribution appointed Jeffrey E. Gilbert of Wagener Equities to identify a distribution facility to address their current growth cycle.

This facility is located in Calumet Business Center. The complex has over 2,000,000 Square feet of rentable buildings and provides Windy City with future growth within the park. A lease was negotiated for 96,600 square feet.